LONDON, May 19, 2010 /PRNewswire/ -- The UK is not set to mimic events in Greece as the new government prepares an emergency budget for June, says Robin Bew at the Economist Intelligence Unit in his monthly Global Forecast programme.
However, in an interview for online broadcaster http://www.cantos.com, Mr Bew adds that Prime Minister David Cameron will find it difficult to disengage the UK from the Eurozone's woes, an economic block that is undergoing a form of "pooling of fiscal sovereignty."
"Britain, of course, is not part of that, but anything which changes so dramatically the economic make-up of Continental Europe is something that Britain is going to have a view on, and Britain as part of the EU is going to have to compete against that block. So while it's not going to necessarily cost Britain any money, politically it's certainly going to be a very big issue for Britain."
The interview and transcript are available now on http://www.cantos.com/economist.
Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email [email protected] or phone +44-207-936-1352.
SOURCE Economist Intelligence Unit
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